CBC Cuts Hundreds of Jobs as Advertising Revenue Falls, But Government Funding Rises
CBC earlier this week published its 2023-2024 annual report. The year has been a period of notable restructuring for CBC/Radio-Canada, driven by financial pressures and changing market conditions. As the national broadcaster continues to adapt to the digital era and economic challenges, its latest financial report reveals significant shifts in workforce composition, advertising revenue, and […]
Rua Gold Acquisition of Siren Gold: A Deeper Look into New Zealand’s Gold Mining Industry
Vancouver-based mining firm Rua Gold (CSE: RUA) has announced its move to acquire Reefton Resources from ASX-listed Siren Gold, marking a pivotal expansion in New Zealand’s Reefton Goldfield. This acquisition signifies not only a significant growth in Rua Gold’s asset base but also a broader trend of increased investment and focus on New Zealand’s gold mining sector.
Sandstorm Gold Sees Revenues Rise In Q3 Despite Declining Production
Sandstorm Gold (TSX: SSL) last night reported its preliminary fourth quarter results, highlighted by preliminary revenue of $44.7 million. Preliminary revenue improved by 8% on a year over year basis, up from the $41.3 million reported in the year ago period. Revenue also improved from the $41.4 million reported in the second quarter of this […]
ATHA Energy Enters Multiple Option Arrangements With Terra Uranium
ATHA Energy (TSXV: SASK) and Terra Uranium (ASX: T92) appear to be doing a “property swap” of sorts, with the two parties announcing this morning that they are optioning certain projects from one another.
SilverCrest Sees Production Fall In Q3 2024
SilverCrest Metals (TSX: SIL) has reported its preliminary third quarter production figures, while at the same time reporting record quarterly revenue, which can be attributed to the rising gold and silver prices. Third quarter production came in at 14,928 ounces of gold and 1.41 million ounces of silver, for a combined 2.60 million silver equivalent […]
New Analysis Casts Doubt on Federal Capital Gains Tax Estimates
A new study has cast doubt on the Canadian government’s projected revenue from its recent capital gains tax adjustment. The C.D. Howe Institute has released findings that challenge Finance Minister Chrystia Freeland’s optimistic fiscal forecasts. The study by Alexandre Laurin and Nicholas Dahir, titled “Uncertain Returns: The Impact of the Capital Gains Hike on Ottawa’s […]
Russia Turns to Silver in Strategic Shift That Could Reshape Markets
Russia’s economic maneuvering in response to Western sanctions has taken a turn, as reports emerge that the nation may significantly increase its silver reserves, alongside gold, platinum, and palladium. According to sources, including a recent Interfax report cited by Bloomberg, Russia’s Draft Federal Budget outlines a strategy that would make silver a central component of […]
German Economy Faces Continued Challenges, Government Cuts 2024 Forecast
The German economy is projected to contract by 0.2% in 2024, according to a revised forecast from the country’s economy ministry. This downward adjustment from the previous 0.3% growth estimate reflects ongoing economic struggles that could make Germany the only G7 nation to experience shrinking output for two consecutive years. Germany’s economic woes stem from […]
Is Mexico Moving Away From An Open-Pit Mining Ban Under New President?
As Claudia Sheinbaum assumes her role as Mexico’s first female president, one of the most pressing questions in the mining sector is whether her administration will follow through on a potential ban on open-pit mining, a hotly debated issue during Andrés Manuel López Obrador’s (AMLO) presidency. While AMLO’s administration faced criticism from environmental groups for […]
Is Google About To Be Broken Up?
The US Justice Department is contemplating a historic move to break up Google (NASDAQ: GOOGL), one of the world’s largest tech companies, as part of an ongoing antitrust case. This development comes after Judge Amit Mehta ruled earlier this year that Google violated antitrust laws in both online search and search text ads markets. In […]